PDT Partners LLC Has $1.07 Million Position in Nova Ltd. (NASDAQ:NVMI)

PDT Partners LLC lowered its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 63.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,445 shares of the semiconductor company's stock after selling 9,281 shares during the quarter. PDT Partners LLC's holdings in Nova were worth $1,072,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in Nova by 49.3% in the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock valued at $474,980,000 after buying an additional 796,629 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Nova by 7.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,383,339 shares of the semiconductor company's stock worth $272,517,000 after purchasing an additional 101,470 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Nova by 7.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock worth $270,015,000 after purchasing an additional 97,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Nova by 1.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock valued at $230,358,000 after buying an additional 11,915 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Nova by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,047,782 shares of the semiconductor company's stock valued at $205,985,000 after buying an additional 14,667 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Nova Stock Performance

NVMI traded down $1.69 on Tuesday, reaching $194.38. The company had a trading volume of 91,968 shares, compared to its average volume of 223,654. The stock has a market cap of $5.69 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.55 and a beta of 1.66. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The company's fifty day moving average is $196.11 and its 200 day moving average is $206.92.

Nova (NASDAQ:NVMI - Get Free Report) last announced its earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. On average, sell-side analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVMI. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and raised their price objective for the company from $226.00 to $240.00 in a report on Monday, January 6th. Benchmark raised their price target on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Cantor Fitzgerald cut their price objective on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Bank of America cut their price target on shares of Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $264.60.

Nova Company Profile

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.